algorithmic
Rates set by a formula reading pool utilisation, adjusting continuously. Pooled venues lend one reserve against every collateral; isolated venues price each market alone.
As of 2026-09-04 · weighting: borrow by borrowed_usd, lend by supplied_usd; spread computed per pool-day then weighted, never as the difference of the two aggregates
The tenor is an averaging window, not a maturity. The tenor is an AVERAGING WINDOW, not a maturity. Every constituent pool is open-term floating and no borrower agreed a term, so a rising curve means rates were higher further back — not a term premium.
Denominations are different products. btc and usd are different products and are never aggregated (v2 V2). btc = the borrower receives bitcoin; usd = a stablecoin is borrowed against bitcoin collateral.
| Venue | Debt | Share of class | Pools | Criteria |
|---|---|---|---|---|
| Aave v3 (Ethereum) › | $104.85bn | 23.23% | 24 | 10 / 10 |
| Morpho Blue (Ethereum) › | $55.52bn | 12.30% | 172 | 10 / 10 |
| Morpho Blue (Base) › | $54.11bn | 11.99% | 29 | 10 / 10 |
| SparkLend (Ethereum) › | $31.31bn | 6.94% | 5 | 2 / 10 |
| kamino-lend (Solana) › | $28.82bn | 6.38% | 82 | 2 / 10 |
| aave-v3 (Plasma) › | $23.25bn | 5.15% | 3 | 2 / 10 |
| jupiter-lend (Solana) › | $19.09bn | 4.23% | 59 | 2 / 10 |
| fira (Ethereum) › | $13.07bn | 2.90% | 4 | 2 / 10 |
| morpho-blue (Robinhood Chain) › | $10.78bn | 2.39% | 4 | 2 / 10 |
| venus-core-pool (BSC) › | $8.98bn | 1.99% | 30 | 2 / 10 |
| aave-v3 (Monad) › | $8.79bn | 1.95% | 6 | 2 / 10 |
| hyperlend-pooled (Hyperliquid L1) › | $8.39bn | 1.86% | 12 | 2 / 10 |
| 116 more venues in this class, sorted by debt · every venue and its criteria → | ||||
get_credit_state · get_venueBoth legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 1.956% | 0.041% | 1.261% | 97 | 55 | $202m | $5.38bn |
| 14 | 1.514% | 0.027% | 1.070% | 97 | 55 | $205m | $5.42bn |
| 30 | 1.237% | 0.020% | 0.886% | 97 | 55 | $203m | $4.99bn |
| 60 | 1.106% | 0.016% | 0.754% | 97 | 55 | $190m | $4.67bn |
| 90 | 1.209% | 0.014% | 0.687% | 97 | 55 | $180m | $4.44bn |
| 180 | 1.236% | 0.014% | 0.607% | 97 | 55 | $204m | $4.79bn |
| 365 | 1.216% | 0.013% | 0.487% | 97 | 55 | $277m | $6.22bn |
| 730 | 1.180% | 0.022% | 0.477% | 97 | 55 | $368m | $6.12bn |
Both legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 1.199% | — | — | 37 | 2 | $31m | $0 |
| 14 | 1.201% | — | — | 37 | 2 | $31m | $0 |
| 30 | 1.197% | — | — | 37 | 2 | $31m | $0 |
| 60 | 1.185% | — | — | 37 | 2 | $30m | $0 |
| 90 | 1.176% | — | — | 37 | 2 | $29m | $0 |
| 180 | 1.132% | — | — | 37 | 2 | $26m | $0 |
| 365 | 1.194% | — | — | 37 | 2 | $18m | $0 |
| 730 | 1.194% | — | — | 37 | 2 | $18m | $0 |
Both legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 2.057% | 0.583% | 0.587% | 189 | 75 | $6.51bn | $18.87bn |
| 14 | 2.088% | 0.592% | 0.591% | 189 | 75 | $6.52bn | $18.89bn |
| 30 | 2.071% | 0.585% | 0.599% | 189 | 75 | $5.84bn | $16.96bn |
| 60 | 2.049% | 0.584% | 0.604% | 189 | 75 | $5.34bn | $15.36bn |
| 90 | 2.047% | 0.585% | 0.609% | 189 | 75 | $4.98bn | $14.29bn |
| 180 | 2.321% | 0.699% | 0.590% | 189 | 75 | $5.78bn | $15.58bn |
| 365 | 2.166% | 0.668% | 0.604% | 189 | 75 | $8.77bn | $23.27bn |
| 730 | 2.271% | 0.734% | 0.606% | 189 | 75 | $8.76bn | $22.39bn |
Both legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 3.916% | 2.336% | 1.681% | 30 | 14 | $66m | $78m |
| 14 | 3.778% | 2.243% | 1.673% | 30 | 14 | $67m | $79m |
| 30 | 3.916% | 2.381% | 1.644% | 30 | 14 | $69m | $78m |
| 60 | 3.969% | 2.406% | 1.665% | 30 | 14 | $69m | $78m |
| 90 | 3.811% | 2.242% | 1.675% | 30 | 14 | $70m | $81m |
| 180 | 3.779% | 2.180% | 1.706% | 30 | 14 | $78m | $92m |
| 365 | 4.202% | 2.519% | 1.747% | 30 | 14 | $87m | $106m |
| 730 | 4.573% | 2.750% | 1.812% | 30 | 14 | $56m | $69m |
Both legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 30 | — | 0.679% | — | 1 | 1 | $0 | $0 |
| 60 | — | 0.686% | — | 1 | 1 | $0 | $0 |
| 90 | — | 0.676% | — | 1 | 1 | $0 | $0 |
| 180 | — | 0.773% | — | 1 | 1 | $0 | $0 |
| 365 | — | 0.780% | — | 1 | 1 | $0 | $0 |
| 730 | — | 0.780% | — | 1 | 1 | $0 | $0 |
Both legs observed. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Debt | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 4.367% | 3.189% | 1.248% | 584 | 93 | $11.67bn | $11.24bn |
| 14 | 4.350% | 3.153% | 1.232% | 584 | 93 | $11.68bn | $11.29bn |
| 30 | 4.324% | 3.093% | 1.233% | 584 | 93 | $11.55bn | $11.36bn |
| 60 | 4.239% | 2.999% | 1.216% | 590 | 93 | $11.07bn | $11.19bn |
| 90 | 4.184% | 2.907% | 1.221% | 590 | 93 | $10.54bn | $10.99bn |
| 180 | 4.177% | 2.840% | 1.233% | 594 | 93 | $10.35bn | $11.20bn |
| 365 | 4.644% | 3.062% | 1.429% | 594 | 93 | $11.33bn | $13.31bn |
| 730 | 5.357% | 3.560% | 1.604% | 597 | 93 | $8.85bn | $10.70bn |